Question: Consider the financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased addition equipment for $12 million at the end of


Consider the financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased addition equipment for $12 million at the end of 2015 and this equipment was depreciated by $4 million per year in 2016,2017. and 2018. Given Mydeco's tax rate of 35%, what impact would this additional purchase have had on Mydeco's net income in years 2015-2018? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.) Click the icon to view the financial statement and stock price data. Calculate the new net income below. (Round to one decimal place.) Using the browser's print option may croate an undesirable printout. Use the Print option in your question inatead to got a better print-out 2014-2018 Financial Statement Data and Stock Prlce Data for Mydeco Corp. (All data as of fiscal year end: in 5 minions)
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